Jupiter, Inc., sells its products with a one-year warranty. The estimated product warranty is 3% of sales. Assume that Jupiter had sales of $568,000 during October this year. On November 12, a customer received warranty repairs requiring $144 of parts and $200 of labor.

Required:

Record the adjusting entry to accrue warranty expense on October 31.

Record the journal entry for the warranty work provided in November.

Account Title	Debit	Credit